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Oct 3, 2012
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this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is coming into the u.s. we have henry m henry mcveigh w. tell me what you're hearing. >> the clients with the long-term focus are the ones we traditionally work with. we see opportunities. we have a very big presence in asia. i was just over in hong kong and india. we're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar
this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is...
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Dec 19, 2012
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. >> how do you want to invest in this environment? when you say getting things in order and longer term the market is okay, what do you want to have exposure to over the near term? >> investors need to have exposure to quality. quality is very important. whether it's large-cap stocks or treasuries, and i do agree with the first gentleman. if we do see a dip, we need to be adding into that dip because we can most likely see a very quick pop back, but quality is very important because we have a risk on, risk off environment it seems like almost every day now so quality is the key going forward. >> maria, luce want to make sure you have cyclicals in this environment because if you have an economy that's getting stronger, you have cash on the balance streets and have you an improving global environment and we get a fiscal cliff deal, cyclicals are the ones that are going to be -- be rallying. whether or not they should be or not, whether or not it's a farce what's happening in terms of all of these deficit reduction efforts, bottom line y
. >> how do you want to invest in this environment? when you say getting things in order and longer term the market is okay, what do you want to have exposure to over the near term? >> investors need to have exposure to quality. quality is very important. whether it's large-cap stocks or treasuries, and i do agree with the first gentleman. if we do see a dip, we need to be adding into that dip because we can most likely see a very quick pop back, but quality is very important...
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Oct 9, 2012
10/12
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we obviously in this environment focus on the things we can control. we got one thing there, two major issues were overshadowing it a little bit. a civil litigation case we moved out of the way and mediation, which has been pending there since 1989. that's gone. revenues, $5.8 billion. performance is basically paying off. we're hitting profitability highs. in the upstream business, you actually see when you open the hood that there's strong productivity underneath it and that we're adjusting the structure. that pretty much gives an idea of what's happening in the quarter here. >> a couple points, klaus. you mentioned that settlement with alba. is there any reason to believe there's more to come on this whether or not other lawsuits sort of carry on in the next quarter and the next quarter, or can you categorically say this issue is behind? >> well, the civil settlement is behind us. that's one thing. i mean, the thing that's still open there is basically the settlement with the doj and sec. we will continue negotiations on that. so that's important. th
we obviously in this environment focus on the things we can control. we got one thing there, two major issues were overshadowing it a little bit. a civil litigation case we moved out of the way and mediation, which has been pending there since 1989. that's gone. revenues, $5.8 billion. performance is basically paying off. we're hitting profitability highs. in the upstream business, you actually see when you open the hood that there's strong productivity underneath it and that we're adjusting...
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Dec 26, 2012
12/12
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if we can get past this, then clearly i think we've got a very positive environment given all the other good things that have been said over and above that, that if we go over the cliff, if there's a real possibility, then we'll see consumer incomes go down and like i said earnings expectations are likely to be revised lower, so what do we like fundamentally? >> pretty defensive areas in many cases there? >> i would say that -- >> thank you. we've got to go, guys. thank you for your thoughts and ideas today on our beloved fiscal cliff. >> five days to go and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we'r
if we can get past this, then clearly i think we've got a very positive environment given all the other good things that have been said over and above that, that if we go over the cliff, if there's a real possibility, then we'll see consumer incomes go down and like i said earnings expectations are likely to be revised lower, so what do we like fundamentally? >> pretty defensive areas in many cases there? >> i would say that -- >> thank you. we've got to go, guys. thank you...
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Mar 21, 2012
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with this burden will handle what we call a normal interest rate environment. i don't know how the government will handle that. >> sorry pricing getting out of -- hard to capture now? you have been talking about this that real estate looks good for a couple of years now. >> for pension plans that are trying to achieve an 8% return, real estate provides an amazingly compelling opportunity. probably more so since the early 90s to hit the bogey with less volatility. the equity markets are interesting and bigger and more liquid, but i think real estate has an important place. i know we can hit the eights. the world is weaker and cap rates stay down and prices stay high for real estate because we are yield alternative. it gets better and rents will go up. offices will fail. i think we are okay in either scenario and more worried about rates spiking and what it would mean to the market than rates staying in this area. i think some people will find that they are lulled into a false sense of security and cap rates will rise. hyper inflation and the game is over and we
with this burden will handle what we call a normal interest rate environment. i don't know how the government will handle that. >> sorry pricing getting out of -- hard to capture now? you have been talking about this that real estate looks good for a couple of years now. >> for pension plans that are trying to achieve an 8% return, real estate provides an amazingly compelling opportunity. probably more so since the early 90s to hit the bogey with less volatility. the equity markets...
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Jun 25, 2012
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. >> how do you want to invest that in this environment? michael, what do you say happened? >> well, we have been -- lot of bad moves already in the stock market. we think that stocks are reasonably priced at about, say, 13 times earnings here. and dividend yields of supportable by corporate earnings and a lot of corporate cash. lot of liquidity on the sidelines. i think that the u.s. economy does have some underlying strength although i do worry that we are slowing down in anticipation of the fiscal cliff. at the end of the day that issue will get resolved. but the fear is sort of what happens until then. we are diversified in a number of different stocks. number of different areas. basically in the more industrial growth names like an air products like -- fedex. >> of course, these are areas that are very sensitive to any economic changes. you really want to be -- really want to be exposed to the economically sensitive names in an environment the economy is slowing? >> well, we do because we are long-term investors and think -- very attractive price points now. >> all righ
. >> how do you want to invest that in this environment? michael, what do you say happened? >> well, we have been -- lot of bad moves already in the stock market. we think that stocks are reasonably priced at about, say, 13 times earnings here. and dividend yields of supportable by corporate earnings and a lot of corporate cash. lot of liquidity on the sidelines. i think that the u.s. economy does have some underlying strength although i do worry that we are slowing down in...
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Dec 14, 2012
12/12
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proverbial baton saying, look, we've done everything we can to foster growth and create a low interest rate environment to get businesses out there and investing and now it's up to you folks in washington not town do all the momentum we've put in place. >> thanks so much to you both. we'll keep following this important story. obviously we're all watching that year-end development. up next, news you can use. can you make your company change your 401(k) and make it better? find out how to get it done, and then is now the best time to buy best buy shares? a stock in a free fall all year this year, wiping out half its value. we'll tell you the trade. stick around. of their own futur. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> welcome back. are you saving enough in your company 401(k
proverbial baton saying, look, we've done everything we can to foster growth and create a low interest rate environment to get businesses out there and investing and now it's up to you folks in washington not town do all the momentum we've put in place. >> thanks so much to you both. we'll keep following this important story. obviously we're all watching that year-end development. up next, news you can use. can you make your company change your 401(k) and make it better? find out how to...
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Mar 26, 2012
03/12
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what are the red flags you are looking at in an environment where things are going so well for you an your colleagues actually. >> i worry about putting out hit content. we have been number one nine of the last ten years on our network. we have to produce hits. we have to continue that. i worry about the economy going back, although we are seeing no signs of that. '07 and '08 was tough for a company that depends on advertising like we do. at the end of the day, what i worry about most, what i think about most is not a worry, is where are we going to put our content? what are the new revenue streams going to come from. what's coming down the line in technology that we are going to be able to solve and clearly it is working well for now. >> where are the eye balls in technology right now. you are seeing a real vibe rancy in technology across the board. enabling so much. >> right. >> where do you need to get that content in front of? is it the netflix in amazon? is it something else? >> we have netflix, amazon, very proactive international group. cbs interactive. once again, working hand
what are the red flags you are looking at in an environment where things are going so well for you an your colleagues actually. >> i worry about putting out hit content. we have been number one nine of the last ten years on our network. we have to produce hits. we have to continue that. i worry about the economy going back, although we are seeing no signs of that. '07 and '08 was tough for a company that depends on advertising like we do. at the end of the day, what i worry about most,...
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Dec 12, 2012
12/12
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face is going to keep a lid on growth, and so what we see is an extension of the rather slow-growth environment had a we've seen that will help propel equity prices higher but not dramatically over the next year or two. >> bob pisani likened the fiscal cliff to y2k, and it is to a certain degree, at least in terms of decision and hiring and that kind of thing, it's creating some kind of paralysis. you talked to the traders here on the floor of the stock exchange. is it creating paralysis for them as well? they are not making any big bets until they know what happened. >> y2k created a lot of talk but didn't have impact on the stock market. i was here for that. the fiscal cliff has more impact, and it did today. i watched what the markets are doing today. today when bernanke was on, i saw interest rates move up, bond yields move up, highs for the day, and i saw stocks move down. that's kind of the opposite of what bernanke was wanting to have happen. >> right. >> and two things, guys, that did that. number one, he was questioned persistently about the fiscal cliff and had to come out and say wha
face is going to keep a lid on growth, and so what we see is an extension of the rather slow-growth environment had a we've seen that will help propel equity prices higher but not dramatically over the next year or two. >> bob pisani likened the fiscal cliff to y2k, and it is to a certain degree, at least in terms of decision and hiring and that kind of thing, it's creating some kind of paralysis. you talked to the traders here on the floor of the stock exchange. is it creating paralysis...
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Apr 10, 2012
04/12
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>> i think we trade in an environment for the next quarter. what i recommend are a couple of things. more a defensive tilt. a couple of ways to get that, one of which is mega caps. it trades at 15% discount to the broader russell 3,000. the second dividend stocks, now, in the u.s. it's gotten expensive, particularly utilities. it's outside of the us. if you look at the dividend countries in sync ga mothesingae dividend yield is less. >> we will leave it there. gentlemen, great to have you on the program. thanks so much. we'll see you soon. >> thank you. >> thank you so much, russ and ron. >>> a big management shakeup at best buy to tell you about. is brian dunn really to blame? >>> then, can a high fly airline continue? we'll be right back on the "closing bell." everything that i've gained in life has been because of the teachers and the education that i had. they're just part of who i am. she convinced me that there was no limit to what we could learn. i don't think i'd be here today had i not had a wonderful science teacher. a teacher can ma
>> i think we trade in an environment for the next quarter. what i recommend are a couple of things. more a defensive tilt. a couple of ways to get that, one of which is mega caps. it trades at 15% discount to the broader russell 3,000. the second dividend stocks, now, in the u.s. it's gotten expensive, particularly utilities. it's outside of the us. if you look at the dividend countries in sync ga mothesingae dividend yield is less. >> we will leave it there. gentlemen, great to...
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Nov 15, 2012
11/12
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based on what we think the macroeconomic environment is going to do. >> so you were at that meeting at the white house this week. you joined a number of ceos at the white house yesterday. did the president give you hope that layoffs can be avoided at aetna? how was that meeting? >> i thought the meeting was a very constructive, very frank and open dialogue. i was impressed with the level and the grasp of the issues that the president had and his willingness to listen to american business about the ways that we needed to solve this problem. i think there is is a path to get this done. it's not going to get all done before the end of the year. but i think our message to the president was we're here to support you if you can avoid the cliff and put together a very specific framework on how we're going to get the economy going. because going over the cliff creates more joblessness. and if we can avoid that, we still don't grow the economy in 2013, so we need to show the business community, and quite frankly, all americans, that we have a plan to deal with this deficit so that we can grow e
based on what we think the macroeconomic environment is going to do. >> so you were at that meeting at the white house this week. you joined a number of ceos at the white house yesterday. did the president give you hope that layoffs can be avoided at aetna? how was that meeting? >> i thought the meeting was a very constructive, very frank and open dialogue. i was impressed with the level and the grasp of the issues that the president had and his willingness to listen to american...
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Nov 9, 2012
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as well as the regulatory environment. >> if you think of the regulatory environment, there's a lot that's already been accomplished. the banks in the sense of increase their capital ratios to a level. there's still some hard constraints. they'll be able to deploy more capital, increasing their dividends, and also being able to buy back more shares. that reflects the strength of the bank's balance sheets, the derisking is already through the process. there's some incremental expenses they have. litigation is a thing you talked about. you need to be able to be prepared for. maria, you brought up the $6 billion. that's really one quarter's worth of earnings for jpmorgan. there is cushion there to absorb those litigation expenses and still be able to not really have to touch their capital. from a large part, there's incremental head winds but a lot of that pressure is behind us at this point. >> so would you buy jappmorgan stock right now? >> we have a buy on the stock. if you look at what they're earning today at about 16% return on tangible common equity, that compares to a 12% cost of equi
as well as the regulatory environment. >> if you think of the regulatory environment, there's a lot that's already been accomplished. the banks in the sense of increase their capital ratios to a level. there's still some hard constraints. they'll be able to deploy more capital, increasing their dividends, and also being able to buy back more shares. that reflects the strength of the bank's balance sheets, the derisking is already through the process. there's some incremental expenses they...
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Oct 22, 2012
10/12
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earnings environment for technology companies will improve because it's hard to see global growth will be slower and it's hard to see that dollar would have gone up much more. the dollar weakens and global growth picks up, that helps technology companies. the other thing is uncertainty will come down. we are going to have an election result. we'll have transition in china. we are going to make progress in europe. as uncertainty goes down, i think higher stocks can do better. it's a tough time for technology right now. this is now a time to sell out of technology. >> $1.09 billion is the revenue from yahoo! compared to an expectation of 1.08 billion. first blush looks like numbers are better than expected for third quarter revenue for yahoo! and stock is trading higher. herman, what are you looking for in terms of what we hear in that conference call tonight and what's your take on this revenue number? >> yahoo! has a bigger business in the u.s. potentially the u.s. numbers might be better. we'll take a look and see whether the beat is coming from search or display. those numbers are pr
earnings environment for technology companies will improve because it's hard to see global growth will be slower and it's hard to see that dollar would have gone up much more. the dollar weakens and global growth picks up, that helps technology companies. the other thing is uncertainty will come down. we are going to have an election result. we'll have transition in china. we are going to make progress in europe. as uncertainty goes down, i think higher stocks can do better. it's a tough time...
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Dec 3, 2012
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who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our...
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Nov 13, 2012
11/12
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>> the environment will dictate what, in fact, we'll do. each and every quarter we have to decide our dividend. we are very committed to the strong dividend we pay. not necessarily the yield that we pay, but to the strong dividend that we pay. so we've been over the course of many years now paying this very strong dividend despite the fact that it is a very large ratio. we have the ability to do that because we do not go to capital. in the four-plus decades we've been principally doing the business we do today, which is lending on new york real estate, we have not had any period, not a single quarter, in which we've had to go to capital as a result of losses that we took on loans. so our principle asset is multifamily loans, and we've not had to go to capital. we do it through earnings. we've had minimal losses over a long period of time. the very need for the building of capital is thwarted by the difference in our business model. >> it sounds like this fiscal cliff issue won't impact you paying this dividend. >> well, i cannot say what th
>> the environment will dictate what, in fact, we'll do. each and every quarter we have to decide our dividend. we are very committed to the strong dividend we pay. not necessarily the yield that we pay, but to the strong dividend that we pay. so we've been over the course of many years now paying this very strong dividend despite the fact that it is a very large ratio. we have the ability to do that because we do not go to capital. in the four-plus decades we've been principally doing...
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Dec 21, 2012
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>> but you don't think they're going to have those same issues in 2013, dodd-frank, the regulatory environment, record-low interest rates? these are all some of the issues that kept investors away from these stocks last year. >> yeah. and in spite of all those issues, the stocks are very cheap, even though they're up dramatically, they're down from where they were precrisis. and if you think about the c car, and i congratulated her on the upgrade. i agree with it. but there was a lot of money left on the table in not having owned these things all year. i think some of these banks will be able to return a lot of capital. the fed really gave them a chance to go back twice with a submission for returning capital. so we're not going to have companies fail and i think companies like bank of america and citi are going to return capital via dividends and buybacks. you get down to the regionals, there will be a lot of capital and return on dividends. even if you have slow growth, there will be a lot of money thrown back at the shareholders, thrown back at buybacks and i think it's valuation of the sto
>> but you don't think they're going to have those same issues in 2013, dodd-frank, the regulatory environment, record-low interest rates? these are all some of the issues that kept investors away from these stocks last year. >> yeah. and in spite of all those issues, the stocks are very cheap, even though they're up dramatically, they're down from where they were precrisis. and if you think about the c car, and i congratulated her on the upgrade. i agree with it. but there was a...
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Nov 30, 2012
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we are going to see a very volatile environment until we get a resolution. so in the short-term, you're kind of trading range bound in the market. i think you want to take advantage of the extremes. so into these big positive moves, you take a little off. it's not a bad thing to take profits and to have cash. i do think that when you see the market pull back and you see extremes in terms of on the downside, i think you want to be buying because i think once you get this fiscal cliff resolution, whenever it is, i think the markets will work higher because the underlying fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go
we are going to see a very volatile environment until we get a resolution. so in the short-term, you're kind of trading range bound in the market. i think you want to take advantage of the extremes. so into these big positive moves, you take a little off. it's not a bad thing to take profits and to have cash. i do think that when you see the market pull back and you see extremes in terms of on the downside, i think you want to be buying because i think once you get this fiscal cliff resolution,...
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Dec 7, 2012
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name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s. oil producer as well. we like that. link linkedin, we think attracted as much attention as it should. they're executing very well in the professional business social networking sense. in particular, head hunters across the globe. this is now the method of head hunting. finally, an enterprise software design company used in making semiconductor chips. we see them as providing a very stable and growing play on technology without necessarily having to pick, you know, end winners. >> got it. >> thank you. >> very good, guys. thank you all for joining us today. rick, good luck with the reapprais
name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s....
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Oct 26, 2012
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is that going to be the case as long as we're in this low interest rate environment and monetary mountain? >> that's what the fed is trying to do, trying to push people out the risk spectrum. it's unfortunate for the retirees of the world because it forces them into riskier asset classes and that's certainly one of the perils of this unpress denlted monetary ease. >> go ahead, rob. >> i've been on this large cap dividend paying growth stock kick for quite a while and i'm not getting off the train yet. in talking about what liz mentioned there, a lot of investors are underinvested in stocks, they are going into riskier assets but that is where the risk tolerance is suggesting they go. >> in terms of the tax story though, does anybody believe that the reason to own dividend players changes if the dividend tax goes to 43%? >> come january 2013 if the bush tax cuts are revoked -- >> then dividend tax goes from 15% to 43%. i don't think these guys are that stupid to allow dividend taxes to go to 43%. that that would be a real market disrupter but who knows. >> well, it's inevitable it will hav
is that going to be the case as long as we're in this low interest rate environment and monetary mountain? >> that's what the fed is trying to do, trying to push people out the risk spectrum. it's unfortunate for the retirees of the world because it forces them into riskier asset classes and that's certainly one of the perils of this unpress denlted monetary ease. >> go ahead, rob. >> i've been on this large cap dividend paying growth stock kick for quite a while and i'm not...
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Oct 24, 2012
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a leverage environment. i would put it this way. around the world, so you look at asian banks, turkish banks, latin american banks. they have higher capital levels than even our banks do or at least as high as the best banks do. >> and the capital has improved quite a bit. >> and they have 20% return on equity. to say it can't get back to a profitable scenario is maybe not the right way to look at it. you have to be much more efficient and much more optimal about how you're making money and fee-based businesses. >> is there a stock right now you would buy in banking? >> i still like bank of america. it's cheap and i think that they've got a lot of stability behind the company for the first time in a very long time. so, you know, if you look at it from a priced to earnings perspective, it doesn't look cheap. from a price to tangible book, it's compelling. >> what's your take on citi? last week you told clients no ceo could fix citi. what do you think about the new ceo? >> i don't know that anybody knows micha
a leverage environment. i would put it this way. around the world, so you look at asian banks, turkish banks, latin american banks. they have higher capital levels than even our banks do or at least as high as the best banks do. >> and the capital has improved quite a bit. >> and they have 20% return on equity. to say it can't get back to a profitable scenario is maybe not the right way to look at it. you have to be much more efficient and much more optimal about how you're making...
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Aug 17, 2012
08/12
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we're in a slow growth environment and that means have minicycles. we want to make sure we're buying on the declines. >> would you be selling rather into the strength if in fact we are looking at head winds on the horizon? >> we still see upside in many of the stocks that we own. what we're doing is on a relative basis trading the stocks that have gone up more and looking for names trading at discounts and investing in those. >> tim, what are you hearing from your clientele looking at the sectors and geographies out there, how do you make the most bang for your buck? >> i appreciate that, maria, i had an opportunity to meet with investors this week and consumer sentiment is very, very cautious. we are seeing confer ration that the u.s. economy is still moving forward, and that's a great point. we're still constructive on the u.s. stock market. we think margins are likely to be maintained. we this the s&p 500 earnings are likely to come in at about $100 which we this is sustainable and we're constructive going forward. >> what does that mean? >> we're
we're in a slow growth environment and that means have minicycles. we want to make sure we're buying on the declines. >> would you be selling rather into the strength if in fact we are looking at head winds on the horizon? >> we still see upside in many of the stocks that we own. what we're doing is on a relative basis trading the stocks that have gone up more and looking for names trading at discounts and investing in those. >> tim, what are you hearing from your clientele...
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Nov 26, 2012
11/12
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>> if you look at what might happened, in other words, we go from an environment where the economy is chugging along, uninspiring but growing 2%, to go over the fiscal cliff which means for that period when we're over the fiscal cliff, contracting, that suggests that multiples come down probably as much as 10%. in addition you're likely to see drop in earnings estimates as well. some real risk if we go over the cliff. >> a lot. >> michael, you're not as concerned about the impact of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover because the bottom line is, even if we don't go over the fiscal cliff, we'll still have a very, very slow growth environment
>> if you look at what might happened, in other words, we go from an environment where the economy is chugging along, uninspiring but growing 2%, to go over the fiscal cliff which means for that period when we're over the fiscal cliff, contracting, that suggests that multiples come down probably as much as 10%. in addition you're likely to see drop in earnings estimates as well. some real risk if we go over the cliff. >> a lot. >> michael, you're not as concerned about the...
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Jul 31, 2012
07/12
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. >> you mentioned controlling costs, how are you been able to control costs in a rising commodity environment in some sectors, and do you have pricing power along those lines? >> we do, but we have new regulation come something in 2014 around rate review and how much we can charge. all of that has to be planned for between now and 2014. >> always good to see you. thank you for joining us. >> a big story overseas, but could it happen here? as india struggles to restore power in the wake of the world's largest black out, more than 600 million people without power, one of our next guests says america's power grid remains very vulnerable. and later -- >> i give myself, you know, i don't know, if i look at the long run, i gi ourselves a b plus? >> and jc penney's relatively new ceo giving himself a good grade. we'll have herb greenberg with his grade for ron johnson. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and cre
. >> you mentioned controlling costs, how are you been able to control costs in a rising commodity environment in some sectors, and do you have pricing power along those lines? >> we do, but we have new regulation come something in 2014 around rate review and how much we can charge. all of that has to be planned for between now and 2014. >> always good to see you. thank you for joining us. >> a big story overseas, but could it happen here? as india struggles to restore...
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Jun 20, 2012
06/12
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they have an operation twist that didn't do a whole lot, and you're in a deflationary environment. >> so what would you expect then, rest of the year? >> i expect qe 3, i absolutely think they will come with another round of easing. he has been betting on controlling inflation. i don't think he even had it in his wildest imagination this economy would be as show as it is right now. >> it's interesting that he did take a stance on this fiscal cliff, will you see anything done on that? we will see an agreement by congress? >> i'm not as optimistic as you are, giveen the wide divide, but maybe cooler heads will prevail. i don't know that we'll get anything done by the end of the year. perhaps a lame duck congress after the election will get something done. sometimes they have got stuff through with the president, but that's post-november. what was most important to my mind today is there is not one fed official that leaves that the unemployment rate is going to be below 6.3%. and that's the level we got to the in september of '08. >> how do you get there in such a short period of time. >
they have an operation twist that didn't do a whole lot, and you're in a deflationary environment. >> so what would you expect then, rest of the year? >> i expect qe 3, i absolutely think they will come with another round of easing. he has been betting on controlling inflation. i don't think he even had it in his wildest imagination this economy would be as show as it is right now. >> it's interesting that he did take a stance on this fiscal cliff, will you see anything done...
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Jul 23, 2012
07/12
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i think that they could be the beneficiary of a slowing global environment. especially if you focus on those companies that are -- geared towards enhancing the productivity of workers. when you have a slowdown in -- top line revenue growth, how do you maintain profit margins? it is by cutting costs and investing in your -- your various equipment and property. and so i think that that's going to be the key and beneficiary of the slow growth environment, we have had rather low investment rates for corporations from 2000 to 2010. now they are beginning to pick up investment ask i think this is more of a secular trend and not just nearly cyclical. >> yes, larry, brian, bob, thanks so much. we will talk to all of you again soon. >> let's get more on today's turnaround on wall street. bob pisani is our eye on the floor at the new york stock exchange. >> it is simple, scott. stocks were down on fears that spain needs a full bailout. italy may need a full scale bailout and increase it is chance the euro could break up. we held up very well. look at greece, down 7. sp
i think that they could be the beneficiary of a slowing global environment. especially if you focus on those companies that are -- geared towards enhancing the productivity of workers. when you have a slowdown in -- top line revenue growth, how do you maintain profit margins? it is by cutting costs and investing in your -- your various equipment and property. and so i think that that's going to be the key and beneficiary of the slow growth environment, we have had rather low investment rates...
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Jun 21, 2012
06/12
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then of course is the regulatory environment. many parts of dodd-frank are still being written as we speak, including the effort to try and define proprietary trading and ban it. i have said in the past, i do not believe they will be able to define it. it's very tough to define it, making this key aspect of the law impossible to enforce. but until that's actually sorted out and the banking sector actually understands and has a clear idea of where this regulatory environment goes, we could be watching these stocks as dead money regardless of what moody's does or doesn't do tonight. we are waiting on that downgrade. we were told it happens at 4 p.m. eastern. we'll be watching for the rest of the evening. before we go, let's recap the day on wall street. it was a tough day. the dow jones industrial average finishing at low of the day. the dow down 251 points. things worsened in the final two hours of the trade. s&p 500 cut 30 points to close at 1325. take a look at that chart. not pretty. the widespread selling had all ten s&p secto
then of course is the regulatory environment. many parts of dodd-frank are still being written as we speak, including the effort to try and define proprietary trading and ban it. i have said in the past, i do not believe they will be able to define it. it's very tough to define it, making this key aspect of the law impossible to enforce. but until that's actually sorted out and the banking sector actually understands and has a clear idea of where this regulatory environment goes, we could be...
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Dec 27, 2012
12/12
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and again, looking for high quality stocks, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20% range. >> chad, what are your expectations? >> well, i think you're going to go over the cliff, but you're going to get a mini bargain. any market dislocation you have over the next 15 trading days, i'd be a buyer. in the long run, we have the economy that's improving, stall speed, but that will gradually increase over the course of the year. once you have some more certainty. so, you'll get some capital spending, you'll get retail investors that will be a little bit more optimistic as well as institutional inves or thes will start to click and up their equity allocation. >> where does 2013 end up for the market? >> i'
and again, looking for high quality stocks, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20%...
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Aug 9, 2012
08/12
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chase, citi, morgan stanley, all had a majority. 75% of their money went to a democrat, a different environment because of the situation, the dodd-frank piece of legislation. mitt romney is dominating the money. and here is what that money goes to, of course, attack adds that we see mitt romney has very heavy spending behind this ad attacking barack obama on welfare. this week, alone rather, $32 million being spent by obama, romney, and pacs associated by them. we're going to see if that can move some of the undecided voters, there are not many of them left. >> there are not many undecided voters left. that's right, it looks like the president lost the independent, john? >> no, i would not say that yet. the president still has a lead over mitt romney nationally, and we'll see if mitt romney can change some of those numbers. he has a convention, a vice presidential selection coming up, they're chances for mitt romney to try to move the nee e needle. >>> thank you, my next guests says businesses want a business goo in the oval office. steve, this is a huge change from just four years ago, is it n
chase, citi, morgan stanley, all had a majority. 75% of their money went to a democrat, a different environment because of the situation, the dodd-frank piece of legislation. mitt romney is dominating the money. and here is what that money goes to, of course, attack adds that we see mitt romney has very heavy spending behind this ad attacking barack obama on welfare. this week, alone rather, $32 million being spent by obama, romney, and pacs associated by them. we're going to see if that can...
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Sep 26, 2012
09/12
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that's because of the poor economic environment we've been in. all these things pointing to a slow down, not to mention the swing demand center of the world, china, slowing down and having problems really has put the brakes on what was an impressive rally. we've given back 10% of that now already in rapid fashion. i think it's a clear signal for investors across the markets to watch out. there's a ral slowing going on. >> there's a real slowing going on, and it's being reflected in the price of oil. where else is it being reflected? might we see other commodities start following oil lower? >> you're starting to see the agricultural commodities break down a bit. you saw soybeans down around 15. that could get into the low teens quickly here. also, on to that oil story was the warnings from caterpillar, norfolk southern, fedex. again, this highlights that the transportations are sliding. they're slowing demand for energy out there. not only here, but in the world. so i'm just hoping that the stocks can hold on to their gains by keying off better ho
that's because of the poor economic environment we've been in. all these things pointing to a slow down, not to mention the swing demand center of the world, china, slowing down and having problems really has put the brakes on what was an impressive rally. we've given back 10% of that now already in rapid fashion. i think it's a clear signal for investors across the markets to watch out. there's a ral slowing going on. >> there's a real slowing going on, and it's being reflected in the...
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Jul 5, 2012
07/12
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in a couple years, they might want that hungry start-up environment and move on to a start-up. >> reporter: look out. facebook is expandi ining into w office space a few miles that way. bill, the biggest complaint, it will mariean less parking. back to you. >> jane wells, thank you so much. yes, imagine that. muscle beach versus the geeks of google. >> only in california. >>> all right. brace yourselves. you know what's coming up tomorrow. the jobs report. it's definitely going to move your money first thing tomorrow morning. >> three of the street's top strategists will tell you how they see it playing out tomorrow morning 37. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. this is new york state. we built the first railway
in a couple years, they might want that hungry start-up environment and move on to a start-up. >> reporter: look out. facebook is expandi ining into w office space a few miles that way. bill, the biggest complaint, it will mariean less parking. back to you. >> jane wells, thank you so much. yes, imagine that. muscle beach versus the geeks of google. >> only in california. >>> all right. brace yourselves. you know what's coming up tomorrow. the jobs report. it's...
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Jul 17, 2012
07/12
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in europe and margin pressure. >> tough environment in north america also. i d.c. came out with numbers recently showing the major pc makers having a lot of trouble, particularly hp, maintaining its first place ranking among pc makers but ludsing quite a few pc sales as well. the corporate refresh cycle, saying slowing down. all of that probably hitting intel. in the past they have been able to outrun that based on growth and emerging markets, particularly in asia and eastern europe but it appears it's catching up with intel. >> we'll watch situation and akuwait stacy smith in our air in a few minutes to tell us about the quarter and what he is expecting for the rest of 2012 given this guidance lower. and ron insana, you were in the middle of a conversation, my apologize, you are expecting qe3 sooner than later. you think it's going to be the next meeting? >> i do, ben bernanke said they made it clear at the last meeting they would take additional steps in warranted and europe, the fiscal cliff and uncertain economic outlook give him plenty of data and also
in europe and margin pressure. >> tough environment in north america also. i d.c. came out with numbers recently showing the major pc makers having a lot of trouble, particularly hp, maintaining its first place ranking among pc makers but ludsing quite a few pc sales as well. the corporate refresh cycle, saying slowing down. all of that probably hitting intel. in the past they have been able to outrun that based on growth and emerging markets, particularly in asia and eastern europe but...
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Apr 18, 2012
04/12
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and learn to operate in an environment with those two principles. that is critical. the other interesting point that these two people said to me, they also know that they need to liberalize and their companies will perform better and the economy of china will perform better if incremental changes are made along the way. >> that would be huge. they have to grow their economy and look around the world and where has that manifested? >> the united states. >> right here. >>> and from china to europe, what are the best opportunities for investors around the globe? we're going to talk strategy and we'll talk about the five-star fund manager coming up. >> plus, one of the latest readings on jobless claims. we'll be back in a moment. >> announcer: hello, here are the stories that we're watching downtown. 2.5 billion off two-year and ten-year bonds. we look at nokia's numbers. will it be another downgrade and profit warning? and u.s. financials are back on track. stay tuned at european's headquarters. going global with your money. sometimes investing opportun
and learn to operate in an environment with those two principles. that is critical. the other interesting point that these two people said to me, they also know that they need to liberalize and their companies will perform better and the economy of china will perform better if incremental changes are made along the way. >> that would be huge. they have to grow their economy and look around the world and where has that manifested? >> the united states. >> right here....
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Dec 4, 2012
12/12
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why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to disperse this year. some companies are borrowing money just to pay out the dividend before the new year so they can get their investors to get the 15% dividend tax. is this the kind of corporate financial responsibility we want? borrowing money just to give it away? who wants a dividend that a company cannot afford or if it can afford it it chooses to borrow the tax. this is just an observation on how one bad policy can act as a domino effect. bad policy begets bad policy. it is another reason why america is pleading with washington to get a deal done on the fiscal cliff. stop taunting one another with
why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal policy by going over the fiscal cliff even if it is considered bad policy. for some taxes on divs we could see those taxes soar to 44%. companies wait to...
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Nov 6, 2012
11/12
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at the end of the day people hate it when i say this but the interest rate environment i think is so much more important looking forward than a presidential. >> we know where those rates are and will be until 2015. thank you very much. great conversation. appreciate your time and we'll see you soon. >>> before we go take a look at the day on wall street triple digit move for the dow jones industrial average. 13,245. nasdaq picked up 12 points. the s&p 500 up 11 points. that will do it for "closing bell" tonight. thank you for being with me. i hope you will follow me on swi twitter and google place. our special election edition of "squawk box" begins. i will be anchoring from 7:00 p.m. until we learn who our next president will be. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. tdd#: 1-800-345-2550 after that, it'
at the end of the day people hate it when i say this but the interest rate environment i think is so much more important looking forward than a presidential. >> we know where those rates are and will be until 2015. thank you very much. great conversation. appreciate your time and we'll see you soon. >>> before we go take a look at the day on wall street triple digit move for the dow jones industrial average. 13,245. nasdaq picked up 12 points. the s&p 500 up 11 points. that...
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Jan 30, 2012
01/12
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of assets management environment, pat dunnerly, scout midcap fund. thank you for joining us. >> thank you. >> scott, kick this off with you, quiet market today, yes, big recovery victory off of the lows but volume anemic, how do you want to invest in this market in this environment? >> we think equities overall are on their own, probably where we will see most of the opportunity going forward basis. we are not very interested in treasury selling all-time lows and high prices, we think negative returns are in the future for treasuries. we would like to go where businesses are getting better, the economy is getting better around it is growing. we tend to gave earth financials with he like them, their businesses are getting better as well over the last three years in the u.s. these are shed nonperforming assets, continue to grow capital, business tends to get better new loan he is. >> so you like the u.s. financials as opposed to european financials or you like the banking sector across-the-boa across-the-board? >> the u.s. is where we would like to pla
of assets management environment, pat dunnerly, scout midcap fund. thank you for joining us. >> thank you. >> scott, kick this off with you, quiet market today, yes, big recovery victory off of the lows but volume anemic, how do you want to invest in this market in this environment? >> we think equities overall are on their own, probably where we will see most of the opportunity going forward basis. we are not very interested in treasury selling all-time lows and high prices,...
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Feb 23, 2012
02/12
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we think interest rates will move up in that environment. but you'll have enough spread contraction in the high yield space to offset that. we don't expect much of a default rate. you're getting about 8% yield in the asset class right now. >> to both of you, ben and david, thank you so much for joining us today. >> good seeing you, mandy. >> we're still waiting for the earnings from aig, the insurance giant. they should be out any moment now. and when they come out, ceo robert benmosche will describe what it will take to turn the company around. >> i'm seema mody reporting live from the pharma conference. coming up, we'll take a deep dive into the generic drug market, who the winners and losers are, and how investors are trading the space. here's another question. will the usda guidelines slow it down. here's highlights from our guests on cnbc today. >> it's become clear that hiring has declined. the real question is what it means for the apparels, how quickly will hiring pick up. >> this time of the year, over the past ten years we've seen
we think interest rates will move up in that environment. but you'll have enough spread contraction in the high yield space to offset that. we don't expect much of a default rate. you're getting about 8% yield in the asset class right now. >> to both of you, ben and david, thank you so much for joining us today. >> good seeing you, mandy. >> we're still waiting for the earnings from aig, the insurance giant. they should be out any moment now. and when they come out, ceo robert...
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Jul 26, 2012
07/12
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this is not a rising tide that carries all boats environment. it's challenging. >> what would a technician say, jim? they would say that sentiment is negative, everybody thinks that we have all of these problems in the u.s., europe, and china is slowing down, and that's when you want to buy stocks. >> we don't see it as washed out at this point. it's discouraged and depressed, but we think there is more to go on the downside that we have not gotten the wash out that one would expect on this. >> and that's what you want to see need to come back into stocks. do you think we'll get a big wash out? what's your expectation for a sellout this summer going into the november election. >> our expectation is -- is that me or bob? our expectation is that the markets are going to dog basically through labor day and start working it's way back upward. the elections are a strange psychology, but as we get closer to the election and have a bett better idea of who is winning, and the market will adjust with the encertainly being removed. >> we have another miss
this is not a rising tide that carries all boats environment. it's challenging. >> what would a technician say, jim? they would say that sentiment is negative, everybody thinks that we have all of these problems in the u.s., europe, and china is slowing down, and that's when you want to buy stocks. >> we don't see it as washed out at this point. it's discouraged and depressed, but we think there is more to go on the downside that we have not gotten the wash out that one would expect...
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Mar 5, 2012
03/12
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we are one of the few buck the trend getting better in that environment i think that's why u.s. stocks are attractive. >> how are you investing want u.s. stock? >> i mentioned before we do like small cap banks, we think they are exposed to the u.s. economy, not exposed to credit bubbles around the world, we like u.s. consumer stocks, the employment situation continues to strength.consumer cyclicals do very, very well in that type of environment, those are two of our favorites now. >> we have got the jobs number on friday, how do you navigate those numbers? what are you anticipating? >> we are anticipating somewhere in the neighborhood of 200,000 as a gain. i think it is important now that we have established a pretty clear trend, initial claims have stayed down pretty consistently. this would be 294th consecutive month we have added jobs in the sector, after a year in 2011 where we worked out numerous curve balls, earthquake, oil prices spiking in the beginning of the year, while the economy is not about to get a speeding ticket or anything now it is certainly telling us somethi
we are one of the few buck the trend getting better in that environment i think that's why u.s. stocks are attractive. >> how are you investing want u.s. stock? >> i mentioned before we do like small cap banks, we think they are exposed to the u.s. economy, not exposed to credit bubbles around the world, we like u.s. consumer stocks, the employment situation continues to strength.consumer cyclicals do very, very well in that type of environment, those are two of our favorites now....
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Jun 18, 2012
06/12
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how do you invest in an environment where you have volume that's deadly and volatility that's deadly. we really need action here to get investors involved. >> we continue to believe that leaning into large, high quality companies, primarily those domiciled here in the united states is the way to do that. we think in the event obviously that the recent resolution on some of these macro issues that, could lead to a pretty significant rally. one has to be long enough to be able to participate in that rally. that said, by staying with higher quality, we hope it will dampen the volatility in the event that the events leading to potential solutions is still drawn out or in some cases inactivity or no solution is forthcoming and we do kppt a down draft in equity prices, you have built in protection. >> maria, there isn't a lot of investing going on, it's only trading. yesterday the perspective on greece was simple as this, a lot of negatives are still on the table. you talk about catalyst. why would you want to buy a difficult i dend yield if there's a 10% downside risk in the stock anyway?
how do you invest in an environment where you have volume that's deadly and volatility that's deadly. we really need action here to get investors involved. >> we continue to believe that leaning into large, high quality companies, primarily those domiciled here in the united states is the way to do that. we think in the event obviously that the recent resolution on some of these macro issues that, could lead to a pretty significant rally. one has to be long enough to be able to...
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Jul 18, 2012
07/12
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and in a fragile economic environment, that's a chance we should not be taking. we ought to be addressing it today, and chairman bernanke said it's not a time to do it in a lame duck session, the time is now. and i have to agree with him, the clock is ticking. >> it is, are you confident they will do the right thing in time? >> the right -- the long-term solution has to be long-term structural changes in our entitlement program. if you look at health care alone, medicare, and medicaid, that is what's driving most of the spending. and even the simpson bowles commission did not address health care. and that is the most important driver of debt and deficit. we have to get together, make some changing, and in our long-term entitlements, and chairman bernanke said look, they don't have to come all in the next ten years president you can put us on a collide path to solvency, and that may be a 20 year process or a 15-year process. >> it's clear that mr. bernanke realizes there is a problem here, and the market expects they will get around to more quantitative easing bec
and in a fragile economic environment, that's a chance we should not be taking. we ought to be addressing it today, and chairman bernanke said it's not a time to do it in a lame duck session, the time is now. and i have to agree with him, the clock is ticking. >> it is, are you confident they will do the right thing in time? >> the right -- the long-term solution has to be long-term structural changes in our entitlement program. if you look at health care alone, medicare, and...
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Sep 19, 2012
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we won't know the regulatory environment. >> that's absolute sli right. i honestly don't think much is going to change when it comes to the election. >> nothing -- not much is going to change, so this year are you expecting a recession in 2013? give me the implications as a result of all of this. >> thing is the nike swoosh. i think this is a decade of readjustment. as americans, we have spent way beyond our means. i think if you look at the growth rates in the '90s, 2000, they're not real. we borrowed against our homes to buy mobile homes. that's what america did. my fear now is we're going to start that all over again. >> so give me one idea that you think will actually move a ceo to add new heads to the payroll. >> lock in a tax rate. lower the tax rate. for me, personally, half our business is outside the united states. we're not competitive. our tax rate in the united states is, you know, 10 percentage points higher than the rest of the world. just do something. lay out the plan. >> so that businesses feel like they actually have a shot in terms of h
we won't know the regulatory environment. >> that's absolute sli right. i honestly don't think much is going to change when it comes to the election. >> nothing -- not much is going to change, so this year are you expecting a recession in 2013? give me the implications as a result of all of this. >> thing is the nike swoosh. i think this is a decade of readjustment. as americans, we have spent way beyond our means. i think if you look at the growth rates in the '90s, 2000,...
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Jul 12, 2012
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especially if you have an environment defined by low gdp and negative interest rates. investors up to this point have been going after what one would expect is most valued and that's growth in income. they have been going at it as an either/or proposition. what i think is most attractive in the short run and especially in the long run is those securities that offer a combination of both. i think it adds a little income and a little growth, and that's a very attractive profile. i would not ignore other asset classes or the rest of the capital structure also. i opportunities are there, but it will take work in terms of finding those, be they're there. >> maria, i don't think anybody is thinking long term right now. if you look at the last hour of trading, eight of the nine sessions prior to trading the market was up. this is just traders in this market here, nobody in for long term. >> for sure, thank you very much, we'll see you soon. >> a late day rebound loses steam, we have bob on the floor of the nyse right now. >> we were down 110 points, things improved, and we we
especially if you have an environment defined by low gdp and negative interest rates. investors up to this point have been going after what one would expect is most valued and that's growth in income. they have been going at it as an either/or proposition. what i think is most attractive in the short run and especially in the long run is those securities that offer a combination of both. i think it adds a little income and a little growth, and that's a very attractive profile. i would not...
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Jun 4, 2012
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where are the rich hunting for yield in this environment? last night on market in turmoil special, our resident rich guy, jim cramer gave us a peak into how he is spending his money right now. listen to this. >> what do i do every week end? i looked at property. if they are going to give away money. >> you want it buy a house now? >> no, buy a rental apartment. i want to buy an apartment and rent it. >> that's interesting that that is how you will allocate capital. not equity, buying an apartment and renting it. >> yes that was jim and i last night. robert frank joins me now with whether that jives with what he found among wealthy investors. how are the high-end doing right now? what can you tell us, hi rb robert. >> thank you. cramer is absolutely right. wealthy are going into real estate and they are looking for investments that generate income. if you look at a new study with investors worth 30 million or more, it shows the wealthy moving away from u.s. stocks and into hard assets and real estate. in this environment, the wealthy would ra
where are the rich hunting for yield in this environment? last night on market in turmoil special, our resident rich guy, jim cramer gave us a peak into how he is spending his money right now. listen to this. >> what do i do every week end? i looked at property. if they are going to give away money. >> you want it buy a house now? >> no, buy a rental apartment. i want to buy an apartment and rent it. >> that's interesting that that is how you will allocate capital. not...
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May 25, 2012
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. [ man announcing ], clean what we created here.lives... what we achieved here. what we learned here. and what we pioneered here. all goes here. the one. the accord. smarter thinking from honda. of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la [ man ] whoops, forgot one..
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. [ man announcing ],...
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Jul 24, 2012
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. >> the world's largest -- consumer economic environment with intensifying competition, you know, apple is being outsold android, and their selling at zero margin, i'm speaking at the google next sus tablet being fielded at cost. right now they're recommending that investors play the smart phone and tablet phenomenal through companies like companies that reported a beat earlier. that gives you a diversified play on apple and competitors like samsung. >> that's a great point. john ford, what else do we need to be focused on here? the numbers here and overall revenue? >> it's really all about the iphone here. we expect that margins will be down quite a bit because usually it's right on iphone. they decleared a dividend of $2.65 a share. that's expected. we want to hear the commentary on if they think the anticipation for the next iphone has built up and people are holding off on buying the iphone 4 s, or if it's a broader slow down in asia starting to affect apple in that market. that has become apple's most important growth market and the issue there is will affect the company across the
. >> the world's largest -- consumer economic environment with intensifying competition, you know, apple is being outsold android, and their selling at zero margin, i'm speaking at the google next sus tablet being fielded at cost. right now they're recommending that investors play the smart phone and tablet phenomenal through companies like companies that reported a beat earlier. that gives you a diversified play on apple and competitors like samsung. >> that's a great point. john...
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May 11, 2012
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if a company had as good of risk as jpmorgan had cannot prevent multibillion losses in an environment that is not as topsy curvy than the ones we have seen before, it raises questions about can anybody do this. >> you can get the interview sunday on the "wall street journal" report. check the local listings for time and channel. before we go, let's recap the weeka wall street. the dow jones average posting the worst weekly design since december. blame it on cisco or jpmorgan chase. for the week, the industrials tumbling 2.18 points and the s&p closing at a two-month low for weakness and materials and industrials and financials and falling for a fifth week. >> it's one thing for austin to make the comments, but which you are calling for hearings, they are in a tough situation. >> that are does it for the closing bell. thanks for watching. >> have a good weekend, everybody. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our p
if a company had as good of risk as jpmorgan had cannot prevent multibillion losses in an environment that is not as topsy curvy than the ones we have seen before, it raises questions about can anybody do this. >> you can get the interview sunday on the "wall street journal" report. check the local listings for time and channel. before we go, let's recap the weeka wall street. the dow jones average posting the worst weekly design since december. blame it on cisco or jpmorgan...
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Sep 7, 2012
09/12
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because we don't go through the necessary pain and recovery process that happens in a cyclical economic environment, has it done more harm than good? >> you don't want to see the real problem. there's a big difference between what's going on in europe and what's going on in the united states. the 17 nations of the european union that have the euro, are not able to print their own currency, and we are. that's a huge difference, so what they're doing in europe is transferring risk from independent states and bondholders to a central bank, and clearly the other states in that union are upset about it. >> by doing so, dan, they punish the savers, right? somebody has to pay, the debtors or the savers, right? and when you inflate your wait out of it, you hurt the savers. >> if you could create inflation in the united states, i would agree with you. but unfortunately, we have tried. we stood on our ahead and did everything you can think about. the fact is that we are still fighting against a tremendous debt overhang. we have enormous global issues that fall into the category of expossess of labor and capa
because we don't go through the necessary pain and recovery process that happens in a cyclical economic environment, has it done more harm than good? >> you don't want to see the real problem. there's a big difference between what's going on in europe and what's going on in the united states. the 17 nations of the european union that have the euro, are not able to print their own currency, and we are. that's a huge difference, so what they're doing in europe is transferring risk from...
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Dec 28, 2012
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they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit conversatio
they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in...
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Jul 11, 2012
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thrilled to be on with ron, my old friend, and i agree with him that the uncertainty factor on the tax environment is really pushing businesses back. the one thingly say about china that i think is very important, is if you want to find a silver lining, it's that pmi did not collapse. and if they want to move their economy, and also to really diversify the export base, you had some support for what is happening there. but i do think in the near taerm that's a factor and now the way investors ought to behave is not to get rid of all of the reciprocal exposure. >> we appreciate you for your time. we want to dig daeper into this late day swing. the dow was down almost 100 earlier. brian shactman joining us, we have the fed minutes at 2:00 p.m. eastern that started all of this volatility. that wasn't enough for these markets. >> not enough for sure, but you see the s&p maria finished down two-hundredths of a point. and let's look today at the dow, when the fed minutes came out, you saw a selloff, down as much as 118 points. and we came back to basically finish where we started before the fed minutes,
thrilled to be on with ron, my old friend, and i agree with him that the uncertainty factor on the tax environment is really pushing businesses back. the one thingly say about china that i think is very important, is if you want to find a silver lining, it's that pmi did not collapse. and if they want to move their economy, and also to really diversify the export base, you had some support for what is happening there. but i do think in the near taerm that's a factor and now the way investors...
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Jun 15, 2012
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and yet their doing so because we're in such a weak environment. do you think this rally is sustainable? >> one thing that is clear is that the engine of growth will still will the u.s. there are big sectors that do not have a meaningful downsides. so we want investors to cherry pick. >> you say the markets have it wrong when it comes to europe? >> john, are you with us? >> yes, i'm sorry. what do you think happens now? do you think the markets are looking the europe the way their looking at them in terms of investing? >>> i think it's important to go tus on fundamentals. we had concerning numbers on industrial production and consumer confidence today. auto sales are off a little bit. frankly i don't know how you make money by speculating on what this or that central bank might do and what various european leaders might decide. you can look longer term if you pick out those with positive earnings trends. >> let me bring in matt friend, you say the markets have it wrong when it comes to europe? >> yeah, i think they co, i think folks may be focussin
and yet their doing so because we're in such a weak environment. do you think this rally is sustainable? >> one thing that is clear is that the engine of growth will still will the u.s. there are big sectors that do not have a meaningful downsides. so we want investors to cherry pick. >> you say the markets have it wrong when it comes to europe? >> john, are you with us? >> yes, i'm sorry. what do you think happens now? do you think the markets are looking the europe the...